Pay Forward, Pay Back / College Tuition Act
This act directs the Higher Education Commission to consider the creation of a proposed pilot program – Pay Forward, Pay Back. The pilot program would replace the current system of charging students tuition and fees for enrollment at public institutions of higher education. Instead, anyone who attended an in-state college or university would be required to pay a small percentage of their post-college income as a tax for 24 years (3% per year for graduates of a 4-year college; 1.5% per year for community college graduates). If the commission determines that a pilot program is warranted, the commission shall submit a proposal to the 2015 regular session of the Legislative Assembly.
Status: Signed into law on July 29, 2013.
|Pay Forward Pay Back College Tuition Act.pdf||90.54 KB|